Xin Yuan Enterprises Rejects Shareholder’s Director Requisition

Xin Yuan Enterprises Group Ltd. (HK:1748) has released an update.

Xin Yuan Enterprises Group Ltd. has announced that it will not convene an extraordinary general meeting to address a shareholder request to remove and appoint directors, as the request did not comply with company regulations. The legal opinion determined that the shareholder’s stake was insufficient to mandate such a meeting. Investors are advised to exercise caution when dealing with the company’s securities.

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